This Rent-to-Own Agreement ("Agreement") is entered into on [Date], by and between:

Seller/Landlord: [Full Legal Name], residing at [Address]

and

Buyer/Tenant: [Full Legal Name], residing at [Address]

Property Address: [Full Street Address, City, State, Zip]

1. Term and Eligibility to Purchase

The Term begins [Date] and ends [Date], with option eligibility conditioned on compliance with this Agreement. If not in default, Buyer/Tenant may exercise the option per the timelines below. A mid‑term review will reconcile credits and confirm insurance documentation.

2. Rent, Credits, and Option Consideration

Monthly rent: $[Rent Amount] due each [Day]; $[Credit Amount] per month accrues as a conditional credit applied only at closing. An option fee of $[Option Fee] is paid at execution (☐ applied to price ☐ non‑refundable). Payment method: [Method]; late fees after [Grace Period] days may apply.

3. Purchase Price and Exercise Deadlines

Purchase price: $[Price] or per [Formula]. Notice of Exercise due by [Date]; closing by [Date]. Time is of the essence for option timing.

4. Inspections; Disclosures; Access

Inspections permitted within [Inspection Period] days and thereafter with reasonable notice. Seller/Landlord will share available disclosures and allow appraisal access. Material findings above $[Threshold] follow the agreed remedy: Repair.

5. Maintenance; Repairs; Improvements

Buyer/Tenant completes routine upkeep and minor repairs up to $[Minor Cap] per occurrence. Seller/Landlord is responsible for major systems/structure unless Buyer/Tenant misuse is the cause. Alterations require written consent and may be removable if no damage occurs.

6. Insurance; Taxes; Utilities; HOA

Seller/Landlord maintains property taxes and insurance unless agreed otherwise; Buyer/Tenant maintains renters liability insurance. Utilities and services: [Allocation]. If subject to HOA, Buyer/Tenant agrees to observe HOA rules.

7. Financing; Closing Deliverables

Buyer/Tenant secures financing; Seller/Landlord cooperates with lender requests. At closing, credits and option fee (if applicable) apply; title transfers by [Deed Type] free of undisclosed liens. Closing costs: Buyer/Tenant [List]; Seller/Landlord [List].

8. Defaults; Remedies; Cure

Material breach or non‑payment constitutes default; a cure period of [X] days may apply if stated here: [Cure Terms]. Buyer/Tenant default may allow termination and retention of non‑refundable consideration where lawful. Seller/Landlord default may entitle Buyer/Tenant to specific remedies including fee/credit return.

9. Early Termination; Transfers

Any assignment or sublease requires written consent; early termination for hardship may be considered with documentation. Upon surrender, keys and access devices are returned and utilities reconciled. Security deposit (if any) is settled per addendum.

10. Law; Entire Agreement; Notices

Governing law: [State]. Entire Agreement and notice provisions apply as stated. Amendments must be written and signed. Severability and non‑waiver remain effective.

IN WITNESS WHEREOF

The Parties have executed this Agreement as of the date first written above.